In a live talkSPORT debate with Sam Matterface, Simon Jordan openly acknowledged his mistake regarding the impending Financial Fair Play (FFP) case involving Everton, relays the Everton.News. The Toffees were referred to an independent commission back in March, facing allegations of breaching FFP regulations during the 2021-22 campaign. The case is scheduled to be heard before an independent panel on October 25.
The Times had previously reported on June 15 that Everton expressed confidence in overcoming the charges, which, in the worst-case scenario, could result in a points deduction or a substantial financial penalty.
During the discussion on talkSPORT, Jordan confidently asserted that Everton would not be deducted points and would instead face a financial fine. However, host Sam Matterface suggested that nobody in the Premier League had previously been fined for FFP breaches, a claim that Jordan initially disputed.
As the conversation continued, it was revealed that Matterface’s assertion was accurate, and the examples provided by Jordan pertained to UEFA charges rather than those within the Premier League. In light of this clarification, the former Crystal Palace chairman humbly admitted, “I was absolutely wrong.”
While Everton supporters are already grappling with concerns over the club’s Premier League standing and uncertainties regarding the 777 Partners’ takeover, they must now also contemplate the forthcoming FFP hearing.
The core issue revolves around Everton’s reported cumulative loss of £430 million over five years leading up to the end of the 2021-22 season, a violation of the Premier League’s FFP rules. Clubs that were relegated in the season prior to this, when a deficit of £44.7 million was declared, are believed to be seeking financial compensation from Everton.
The club has vehemently denied any wrongdoing and intends to vigorously defend their case. Their argument hinges on the contention that the financial losses were significantly influenced by the COVID-19 pandemic.
Everton’s supporters can only hope for a successful outcome in this case to avoid the potential repercussions, whether they involve financial penalties or points deductions, which could further harm the club.